Fannie Mae-No Politics (FNMA)

[bradford86]

When you focus on the denominator — be sure to factor in not just the current shares outstanding of that share class, but also the potential new shares that would have to be issued in any restructuring recap and release scenario.

In this case the main three variables for a common shareholder to possibly factor in:
1. Spspa
2. Warrants
3. Capital raise/equity offering

For me, issue #1 combined with how the legal system has processed the pending litigation in the court actions challenging the nws so far — prevents me from sleeping well when I own any common because i see them as having no security.

Playing with fire boys.